CoinSpot Fees Explained: Why So Expensive?

What are CoinSpot’s Trading Fees?

If you're considering trading crypto on CoinSpot, fees should be top of mind. CoinSpot earns high marks for its beginner-friendly platform and regulatory compliance in Australia, but compared to other Aussie exchanges, its trading fees can be noticeably higher.

Instant trades incur a 1% fee, which can significantly impact profitability, especially for active traders. Alternatively, market orders have a lower fee of 0.1%, but they're restricted to select cryptocurrencies and can experience liquidity constraints.

In this guide, we breakdown CoinSpot’s complete fee structure and consider how it stacks up in Australia's competitive crypto exchange landscape.

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CoinSpot Trading Fees & Spreads Explained

Beyond the headline trading fees, it's important to understand how spreads and additional charges affect your trading costs on CoinSpot.

As outlined earlier, instant trades, CoinSpot’s default trading option, carry a clear-cut 1% fee. However, there's also the spread (the gap between buy and sell prices) to consider, typically adding another 1% to 2% to each trade. Over multiple transactions, this subtle premium can meaningfully impact your returns.

CoinSpot does offer a lower-cost alternative through Market Orders, priced at just 0.1%. But there's a catch: market trading is restricted to major cryptocurrencies like Bitcoin and Ethereum, and limited liquidity may lead to trades executing at less favorable prices than expected.

Here’s a clear summary of CoinSpot’s fees and spreads:

Crypto Trading Fees

• Instant Buy/Sell/Swap: 1%
• Market Orders: 0.1% (limited coins, occasional liquidity issues)
• OTC Trades: 0.1%
• Advanced & Recurring Orders: 1%

Typical Spreads

• Approximately 1% to 2% per trade

By being mindful of both fees and spreads, you'll get a clearer picture of your real trading costs and can better decide if CoinSpot matches your crypto strategy.

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CoinSpot Deposit & Withdrawal Fees

CoinSpot's deposit and withdrawal fees are straightforward and competitive, aligning closely with Australian crypto market standards. Here's a clear breakdown:

Deposit Fees (AUD)

• PayID & Direct Deposits: Free
• Cash Deposits: 2.5%
• Card Payments: 1.88%
• PayPal: 0.5%

Withdrawal Fees (AUD)

• Bank Transfer: Free
• PayPal Withdrawal: 2%

Overall, CoinSpot provides cost-effective deposit and free withdrawal methods, making it easy to move funds in and out of your account without excessive charges.

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CoinSpot Fees & Exchange Comparison Table

Wondering how CoinSpot stacks up on fees? Here's a quick, side-by-side look at CoinSpot versus Kraken, SwyftX, Independent Reserve, and Bybit to help you pinpoint the best value for your trading style.

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Instant Orders vs Market Orders

When trading on CoinSpot, investors typically choose between Instant and Market Orders. While Instant Orders offer immediate execution across 530+ cryptocurrencies, this convenience carries a 1% fee plus hidden spreads of around 1–2%.

Market Orders offer lower fees (0.1%) but suffer from thin liquidity, even on major coins like Bitcoin. Our analysts observed a $3,000 spread in CoinSpot’s BTC orderbook with only 0.5 BTC available, highlighting this liquidity limitation.

Given these constraints, we advise traders seeking lower costs and tighter spreads to consider more liquid alternatives like Kraken or Independent Reserve.

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About CoinSpot

CoinSpot is Australia's largest crypto exchange, serving over 2.5 million users. The Melbourne-based platform supports trading of 490+ cryptocurrencies, alongside specialised services like SMSFs, crypto bundles, a crypto Mastercard, and an integrated NFT marketplace. 

Registered with AUSTRAC and certified under ISO 27001, CoinSpot maintains rigorous security standards, positioning itself as a trusted, compliant exchange in the Australian market.

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Final Thoughts

CoinSpot remains a trusted choice for Australians seeking convenience, security, and a straightforward trading experience. But these advantages come at a price. The higher fees and wide spreads can noticeably eat into profits, especially for active or high-volume traders. 

Ultimately, using CoinSpot means paying a premium for peace of mind, regulatory compliance, and ease-of-use. 

If minimising fees matters most to you, it's worth considering exchanges with lower costs and tighter liquidity, like Kraken or Independent Reserve.